US economy grows at 3% annual rate in Q2، fuelled by strong consumer spending and business investment

29 أغسطس 2024 05:15 م

The US economy grew last quarter at a healthy 3% annual pace, fueled by strong consumer spending and business investment, the government said Thursday (August 29) in an upgrade of its initial assessment.

China Rolls Out Action Plan on Boosting Domestic Consumption

03 أغسطس 2024 06:01 م

China’s government on Saturday laid out its priorities to spur consumer spending as weak domestic demand continues to weigh on growth.

U.S. economy grew at a 2.8% pace in the second quarter، much more than expected

25 يوليو 2024 07:29 م

Economic activity in the U.S. was considerably stronger than expected during the second quarter, boosted by a strong consumer, government spending and a sizeable inventory build, according to an initial estimate Thursday from the Commerce Department.

GDP growth in the U.S slowed to a 1.6% rate in the first quarter، well below expectations

25 أبريل 2024 07:13 م

U.S. economic growth was much weaker than expected to start the year, and prices rose at a faster pace, the Commerce Department reported Thursday.

U.K. households are set for $24bn increase in energy bills in 2022

21 ديسمبر 2021 07:08 م

U.K. households are set for an 18-billion-pound 24 billion increase in energy bills next year, potentially squeezing consumer spending and adding pressure on the Bank of England to increase interest rates